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COVID-19, Vaccination, and Consumer Behavior

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  • MORIKAWA Masayuki

Abstract

With COVID-19's continued spread, vaccination is expected to facilitate the recovery of household consumption; however, a high degree of uncertainty exists regarding vaccination's effectiveness in restoring economic activity. Based on an original survey of individuals in July 2021, this study presents evidence about the relationship between vaccination and consumer behavior. According to the results, a relatively large number of respondents intend to increase consumption after the pandemic ends, but not many will increase consumption after receiving the vaccination. No clear association with health status or individual infection risk was detected, but those who used the 2020 GoTo campaign tended to exhibit higher intention to increase consumption after vaccination.

Suggested Citation

  • MORIKAWA Masayuki, 2021. "COVID-19, Vaccination, and Consumer Behavior," Discussion papers 21079, Research Institute of Economy, Trade and Industry (RIETI).
    • Handle: RePEc:eti:dpaper:21079
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    File URL: https://www.rieti.go.jp/jp/publications/dp/21e079.pdf
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    References listed on IDEAS

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    1. Scott R. Baker & Robert A Farrokhnia & Steffen Meyer & Michaela Pagel & Constantine Yannelis, 2023. "Income, Liquidity, and the Consumption Response to the 2020 Economic Stimulus Payments," Review of Finance, European Finance Association, vol. 27(6), pages 2271-2304.
    2. SEKIZAWA Yoichi & HASHIMOTO Sora & DENDA Kenzo & OCHI Sae & SO Mirai, 2021. "Who Does Not Want to be Vaccinated Against COVID-19? - An Internet Survey in Japan (Japanese)," Discussion Papers (Japanese) 21026, Research Institute of Economy, Trade and Industry (RIETI).
    3. Michiru Kaneda & So Kubota & Satoshi Tanaka, 2021. "Who spent their COVID-19 stimulus payment? Evidence from personal finance software in Japan," The Japanese Economic Review, Springer, vol. 72(3), pages 409-437, July.
    4. UNAYAMA Takashi & KOMURA Norihiro & HATTORI Takahiro, 2021. "Impacts of Cash Transfers on Consumption during the COVID-19 Pandemic: Evidence from Japanese Special Cash Payment (Japanese)," Discussion Papers (Japanese) 21022, Research Institute of Economy, Trade and Industry (RIETI).
    5. HATTORI Takahiro & KOMURA Norihiro & UNAYAMA Takashi, 2021. "Impact of Cash Transfers on Consumption during the COVID-19 Pandemic: Evidence from Japanese Special Cash Payments," Discussion papers 21043, Research Institute of Economy, Trade and Industry (RIETI).
    6. Olivier Coibion & Yuriy Gorodnichenko & Michael Weber, 2020. "How Did U.S. Consumers Use Their Stimulus Payments?," Working Papers 2020-109, Becker Friedman Institute for Research In Economics.
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    Cited by:

    1. MASUHARA Hiroaki & HOSOYA Kei, 2022. "What Impacts Do Human Mobility and Vaccination Have on Trends in COVID-19 Infections? Evidence from four developed countries," Discussion papers 22087, Research Institute of Economy, Trade and Industry (RIETI).

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